Armored Vehicles Market in Depth Analysis, Global Trends, Opportunities, New Technologies, Regional Analysis, Growth Factors and Forecast 2029

The global armored vehicle market is projected to reach USD 24.93 Billion by 2029 from USD 15.40 Billion in 2020, at a CAGR of 5.5% from the year 2022 to 2029.

Exactitude Consultancy research's "Armored Vehicles Market Forecast" study report focuses at sales and the overall global market for Armored Vehicles in 2022. The sales forecast for Armored Vehicles by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Armored Vehicles market, with sales of Armored Vehicles broken down by region, market sector, and sub-sector, in US$ million.

Based on market dynamics and development-promoting variables, the Armored Vehicles Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.

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Market Overview:

The militarization of law enforcement organisations and rising consumer demand for bulletproof vehicles are two factors that are predicted to drive the expansion of the armoured vehicle industry. However, the market's expansion is hampered by declining national defence spending. Additionally, the development of modular armoured vehicles and the use of unmanned combat vehicles offer companies in the international market impressive growth prospects.

Active Protection System (APS) adoption is increasing, driving market expansion.

Before they hit a victim, incoming threat projectiles are automatically detected and neutralised by the APS. Combat vehicles are shielded against grenades and anti-tank guided missiles by APS, which employs launchers, tracking radar, sensors, and countermeasure ammunition.

competitive analysis

The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Armored Vehicles market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.

Major companies in Armored Vehicles Market are:

Oshkosh Corporation ,UralVagonZavod , Ukroboronprom , General Dynamics Corporation , BAE Systems plc, NORINCO , Rheinmetall AG , and Textron Inc.).

Recent Developments:

In April 2022, The British Ministry of Defence awarded Rheinmetall a contract for its Robotic Platoon Vehicles (RPV) program. The British Army ordered four Rheinmetall Mission Master SP - Surveillance Autonomous Armored vehicles (A-UGV) in an intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) configuration and three Rheinmetall Mission Master SP - Cargo vehicles for a total of seven new A-UGVs.

In March 2020, BAE Systems received a contract from the US Army for the production of 48 vehicle sets of the M109A7 self-propelled howitzer (SPH) and its companion, the M992A3 carrier, ammunition, tracked vehicle; and includes post-delivery support and spare parts.

Armored Vehicles Market Segmentation:

Armored Vehicle Market by Platform, 2020-2029, (USD Million) (Thousand Units)

Combat Vehicles

Combat Support

Unmanned Armored Ground Vehicles

Armored Vehicle Market by Mobility, 2020-2029, (USD Million) (Thousand Units)

Tracked

Wheeled

Armored Vehicle Market by System, 2020-2029, (USD Million) (Thousand Units)

Engine, Drive System

Ballistic Armor

Turret Drive

Fire Control System (Fcs)

Armaments

Ammunition Handling System

Countermeasure System

Command & Control System, Power System

Armored Vehicle Market by Regions, 2020-2029, (USD Million) (Thousand Units)

North America

Europe

Asia Pacific

South America

Middle East And Africa

Important Countries in All Regions Are Covered

Our market analysts are professionals at carefully categorizing the global Armored Vehicles market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Armored Vehicles market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.

This report also splits the market by region:

The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.

The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

Strategic Points Covered in Table of Content of Global Armored Vehicles Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Armored Vehicles market
Chapter 2: Exclusive Summary - the basic information of the Armored Vehicles Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Armored Vehicles
Chapter 4: Presenting the Armored Vehicles Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Armored Vehicles market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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